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London copper dips to one-week low on China holiday SYDNEY: London copper sank on Monday to its lowest in more than a week due to ample supply and tepid buying interest, with markets in top consumer China closed for a holiday. Worries about demand growth in China have waned in recent days as prospects for more stimulus have been priced in, lending support to copper. However prices are still at risk of succumbing to souring economic sentiment, especially if equity markets falter, said Jonathan Barratt of Barratt's Bulletin in Sydney. "If negative equity sentiment prevails, that might overflow into other sectors of the economy... then people will start to lose confidence," he said.The US Nasdaq exchange had its worst day since February on Friday, leaving investors anxious about how much further shares may fall. Three-month copper on the London Metal Exchange slipped by 0.4 percent to $6,590 a tonne by 0228 GMT, widening small losses from the previous session. ...

LME copper to test support at $6,569 SINGAPORE: LME copper is expected to test a support at $6,569 per tonne, a break below which will lead to a further loss to $6,529. The support is provided by the 50 percent Fibonacci retracement on the rise from the March 20 low of $6,403 to the April 2 high of $6,734. It may not be strong enough to hold the fall towards the 61.8 percent level at $6,529.A quick drop could even reach $6,481, ...
LME aluminium to hover above $1,816 SINGAPORE: LME aluminium has found a support at $1,816 per tonne and may hover above this level for a trading session or revisit its April 4 high of $1,849. The support is provided by the 61.8 percent Fibonacci retracement on the fall from the Oct. 29, 2013 high of $1,905.75 to the Feb. 3 low of $1,671.25. An upward wave c driving aluminium from the March 19 low of $1,704.25 seems to be only partially ...
Gold holds gains as US jobs data soothes interest rate fears SINGAPORE: Gold held onto gains on Monday following its biggest one-day jump in over three weeks as investor worries about an early US interest rate hike eased when the nonfarm payrolls report failed to meet market expectations.Data on Friday showed that US nonfarm payrolls increased by 192,000 jobs last month, slightly below economists' estimate of 200,000.Markets feared that a strong jobs report, which followed a recent string of good economic data, could prompt a tightening ...
CBOT soybeans' target at $15.04-1/2 aborted SINGAPORE: A bullish target at $15.04-1/2 per bushel has been aborted for CBOT soybeans May contract as the doji forming on April 4 indicates a continuation of the retracement from the April 2 high of $14.96.The target has been indicated by a Fibonacci projection analysis of an upward wave C, which started at the Nov. 5, 2013 low of $12.24. The analysis also reveals that this wave C may peak around the 161.8 percent projection ...
CBOT corn's target adjusted to $4.81 SINGAPORE: A bearish target at $4.76-1/4 per bushel has been adjusted to $4.81 for CBOT May corn, based on the speed of the fall.Corn has completed a rebound from the Jan. 10 low of $4.14-1/2 around the resistance at $5.14-1/2, the 38.2 percent Fibonacci retracement on the fall the Sept. 6, 2012 high of $6.76-1/2 to this low. The completion has been indicated by a subdivision of this rebound into five small waves.Another Fibonacci retracement ...
China sets 2014 cotton price BEIJING: China's top economic planning body on Saturday set a 2014 target price of 19,800 yuan ($3,200) per tonne for cotton.The target price was set based on production cost and basic returns, the National Development and Reform Commission said on its website.Farmers can sell cotton at market prices and will receive subsidies from the government if market prices fall below the target price, the commission added.Beijing scrapped its controversial cotton stockpiling policy this year and ...


Index Closing Chg%
Arrow DJIA 16,424.85 1.00
Arrow Nasdaq 4,086.23 1.29
Arrow S&P 1,862.31 1.05
Arrow FTSE 6,584.17 0.65
Arrow DAX 9,317.82 1.57
Arrow CAC-40 4,405.66 1.39
Arrow Nikkei 14,417.68 3.01
Arrow H.Seng 22,696.01 0.11
Arrow Sensex 22,277.23 0.92

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln